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To: art slott who wrote (2137)1/18/1998 8:52:00 AM
From: DAN KACKLEY  Read Replies (1) | Respond to of 8219
 
Art- I agree with your overall bullish data Buttttttt

Some times no mater how good things sound, if it is time to go down, magically they go down!

Basically the big boys make it go in watever direction the want it to!
(Big Boys= 5% of the people who control 90% of the wealth)

Remember 80% of the people who play options loose money, who is making that 80%???

I believe a lot of stock movement and the direction is determined by the eb and flow of money in the options market

If too many peoply are guessing the right direction, magically the stock goes the other direction

Agreed this is more of a short term effect like the last shake out at 89, but in this particular case going down for a quarter or two and then more than recovering later in the year (80low,130 high)would sure make someone a lot of money!

To me it makes more sense than starting at 105 and going to 160 this year.

I sure am anxious to see how this one pans out!

One of these days our prediction skills will get a lot better, we can all pool our knowlege and retire a lot sooner!

Good luck

Dan (The BEAR)